Hosur, 25 km from the South-east of Bangalore, is a thriving neighbourhood in Tamil Nadu boasting excellent infrastructure. In recent times, Hosur has seen a dramatic boom in the real estate industry, resulting in high-end developers launching their luxury projects in the area.
In 1973, Hosur was chosen as the site for the first two industrial estates of Tamil Nadu to be promoted by SIPCOT (State Industries Promotion Corporation of Tamil Nadu). Ever since, this region has transformed into a cosmopolitan town, making it a considerable choice for real estate investments.
6 Reasons to Invest in Hosur
Here are six reasons why you should invest in Hosur.
In terms of infrastructure, Hosur is considerably developed as it houses a multitude of shopping malls, convenience stores & social avenues for a fuss-free lifestyle. Due to the speedy growth of infrastructure, Hosur has welcomed numerous real estate projects.
India’s Largest EV Hub
Hosur is India’s largest electronic vehicle hub as 5 companies, including Ola, have signed MOUs to set up their manufacturing factories for e-scooters.
Proximity to Employment Hubs
Hosur enjoys hassle-free access to major IT hubs like Infosys SEZ Tech Park, BMIC Corridor, Koramangala, Wipro Corporate Head Office, Whitefield & more employment hubs. Due to good connectivity to IT hubs, Hosur is an ideal destination for those who wish to live away from the city’s chaos yet close to all the conveniences.
High Appreciation Rates
Due to ease of connectivity to Bangalore & excellent infrastructural developments over the years, Hosur has seen a tremendous surge in the real estate market. Given the upcoming future developments, the property value of Hosur is sure to witness high appreciation rates.
Connectivity to National Highway
Hosur is connected to NH 44, which offers hassle-free access to Bangalore & Salem. The National Highway (NH), which passes through Hosur, is a golden quadrilateral highway.
Upcoming Peripheral Ring Road
The PRR project being in the pipeline for over a decade has finally received approval from the state Cabinet. This project will be a 73.50 km stretch with a 100m wide road. Peripheral Ring Road Project aims to connect Hosur and Tumakaru Roads, via Hessaraghatta Road, Doddaballapur Road, Ballari Road, Hennur Road, Old Madras Road, Hoskote Road & Sarjapur road.
Due to this major development, Hosur will fetch a top-notch property value in the future, making it an excellent location to invest in.
Upcoming Metro & Airport
Hosur is expected to receive the RV Road-Bommasandra Metro Line in Phase 2, thus, increasing the demand in the area for real estate investments.